Samsung branches out into cryptocurrency mining

Posted - February 02 201811:38

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Samsung branches out into cryptocurrency mining

Right now ASIC miners are incredibly expensive and the fact that they can often only mine coins from a specific chain makes them far less attractive to those looking to get their hands on some sweet sweet crypto.

A company spokesperson also confirmed that it is working on hardware designed for cryptocurrency mining in a statement to South Korean publication The Bell. These new chips are usually created to carry a single task - in this example, mining.

Its shares have more than doubled in the past two years on the back of its results, reaching levels of more than 2.5 million won apiece, putting them out of reach of many small investors.

This year, processors, which are designed for bitcoin mining, were put on the market. GPUs are used to handle graphics on computers as well as being deployed for mining purposes.

Google took down over 700000 bad Android apps in 2017Copycat apps created to resemble popular mainstays remain a popular method of trying to deceive users, according to Ahn. How safe do you feel with Google Play Protect overall? Still, Google's Play Store protection isn't flawless .

Also on Wednesday, Samsung Electronics' board of directors chose to lower the face value of its stocks from 5,000 won to 100 won, a move that would dramatically increase the number of common stocks to more than 6.41 billion from the current 128.3 million. Currently, China's Bitmain and Canaan Creative dominate this space, with both companies partnering with Taiwanese chip maker TSMC.

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